December 7, 2011

MELI completing it's measured move out of this descending channel and clearing highs. Held it's 91-92.00 area it broke through yesterday.

SPG creating a small flag between 121 and 125.00. Keeping an eye on it.

Solid bounce today in V on average volume. Sitting right at previous all time highs.

LTD breaking out on huge volume today

FFIV remaining strong. Bounced today off this descending trend line that was previously resistance now acting as support. Still keeping an eye on the weekly as the measured move is back at highs near the 145 area.

XOM tryingto dcide if it wants to break out here or now. Volume came in as it cleared its 200d. Watching the action here and keeping a close eye on it.

SAFM

VMW

CAT holding 10/21d today. Could see an explosive move out of this 87-98.00 range